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vtbones

Joined: 05/20/2005 Posts: 6627
Likes: 455

What's this?

If it's a fidelity fund, they answer that question.


Copy and paste:
Q4: Why did Fidelity decide to do share splits?
A: Fidelity made this change for operational purposes. The firm launches most
funds with an initial NAV of $10.00, which is consistent with market
convention for new funds. Over time, the NAVs on several of our funds have
appreciated significantly, above $100 per share. The share splits will now align
the NAVs of the funds with their industry peers. The lower NAVs combined
with Fidelity’s recent removal of investment minimums might also allow for
more flexibility for any shareholders who prefer to buy shares in full, rather
than fractional shares.
There is no change to the value of your investment and there is no tax impact to
you as a result of this change.

Edit: What BB Hokie said.

[Post edited by vtbones at 08/13/2018 11:48AM]

(In response to this post by RTFC)

Link: faq


Posted: 08/13/2018 at 11:47AM


+1

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Current Thread:
 
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  I assume you can buy fractional shares as is typical, so it doesn't make -- jmanatVT 08/13/2018 11:49AM
  If it's a fidelity fund, they answer that question. -- vtbones 08/13/2018 11:47AM
  Here is Fidelity's answer to that question... -- BB Hokie 08/13/2018 11:45AM
  Yeah, I read that -- RTFC 08/13/2018 11:54AM
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  It is a true split -- RTFC 08/13/2018 11:50AM
  Someone smarter? That's a tall order here. ** -- Brown Water 08/13/2018 11:41AM

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